Instructions For Form 8900 - Qualified Railroad Track Maintenance Credit - 2014 - Draft Page 2
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22014
Department of the Treasury
Internal Revenue Service
Instructions for Form 8900
Qualified Railroad Track Maintenance Credit
Section references are to the Internal Revenue Code
began in 2013 (when the credit was still available) and
DRAFT AS OF
unless otherwise noted.
ends during their 2014 tax year. All other taxpayers report
this credit directly on line 4g in Part III of Form 3800,
General Instructions
General Business Credit.
Future Developments
Specific Instructions
September 9, 2014
For the latest information about developments related to
Lines 1 Through 5
Form 8900 and its instructions, such as legislation
enacted after they were published, go to
These lines are now shown as “Reserved” in case
form8900.
Congress extends the credit for 2014. When any form,
What's New
worksheet, or instruction refers to these lines, treat the
amounts on these lines as zero.
The qualified railroad track maintenance credit expired for
Line 6
qualified railroad track maintenance expenditures paid or
incurred in tax years beginning after 2013.
Enter total qualified railroad track maintenance credits
from:
At the time these instructions went to print,
Schedule K-1 (Form 1065), Partner's Share of Income,
Congress had not enacted legislation on expired
!
Deductions, Credits, etc., box 15 (code P); and
provisions. To find out if legislation has been
CAUTION
Schedule K-1 (1120S), Shareholder's Share of Income,
enacted, go to formspubs or
Deductions, Credits, etc., box 13 (code P).
form8900.
Partnerships and S corporations must always report the
Who Must File
above credits on line 6. All other taxpayers:
Partnerships and S corporations use the 2014 Form 8900
Report the above credits directly on Form 3800, Part III,
to report any qualified railroad track maintenance credit
line 4g; and
they receive from a fiscal year partnership whose tax year
Do not file Form 8900.
Paperwork Reduction Act Notice. We ask for the information on this form to carry out the Internal Revenue laws of the
United States. You are required to give us the information. We need it to ensure that you are complying with these laws
and to allow us to figure and collect the right amount of tax.
You are not required to provide the information requested on a form that is subject to the Paperwork Reduction Act
unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be
retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax
returns and return information are confidential, as required by section 6103.
The time needed to complete and file this form will vary depending on individual circumstances. The estimated burden
for individual taxpayers filing this form is approved under OMB control number 1545-0074 and is included in the
estimates shown in the instructions for their individual income tax return. The estimated burden for all other taxpayers
who file this form is shown below.
Recordkeeping
4 hr., 4 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Learning about the law or the form
53 min.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Preparing and sending the form to the IRS
1 hr.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
If you have comments concerning the accuracy of these time estimates or suggestions for making this form simpler,
we would be happy to hear from you. See the instructions for the tax return with which this form is filed.
Sep 08, 2014
Cat. No. 37708X
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